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Antitrust watchdog proposes legalizing parallel imports

09:54 17/05/2013

ST. PETERSBURG, May 17 (RAPSI, Sergei Feklyunin) - The Federal Antimonopoly Service (FAS) has proposed legalizing parallel imports, which are non-counterfeit products imported from another country without the permission of the intellectual property owner, with the exception of companies that have localized production in Russia, said FAS head Igor Artemyev.

He said they propose a system that will protect investment from depreciation and help maintain a positive investment climate. "Russian businesspeople must be able to import legal commodities from any country," Artemyev said at a roundtable discussion on the protection of competition and intellectual property, held during the 3rd St. Petersburg International Legal Forum.

He said the FAS would determine why the rights holder gives permission for the import of one batch but denies it for another batch. Is this discrimination, because the intellectual property owner has the monopoly right for a given commodity?

If the FAS finds that distributors sell a drug imported from Germany at six times its price, it will penalize and collect turnover-based fines from them. "With all due respect for the rights holder, we must think above all about consumers," Artemyev said.

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Antitrust watchdog proposes legalizing parallel imports

09:54 17/05/2013 The Federal Antimonopoly Service (FAS) has proposed legalizing parallel imports, which are non-counterfeit products imported from another country without the permission of the intellectual property owner, with the exception of companies that have localized production in Russia, said FAS head Igor Artemyev.
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